Cisco Systems, Inc. $CSCO Holdings Trimmed by Bell Bank

Key Points

• Bell Bank has reduced its stake in Cisco Systems, Inc. by 27.3%, selling 56,085 shares to hold a total of 149,621 shares, which now represents about 0.5% of its investment portfolio.
• Cisco's recent quarterly earnings surpassed estimates, with $0.99 earnings per share reported, exceeding the expected $0.98, and revenue of $14.67 billion, up 7.6% year-over-year.
• The company has declared a quarterly dividend of $0.41 per share, with a current yield of 2.4%, underscoring its commitment to returning value to shareholders.

Bell Bank cut its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 27.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 149,621 shares of the network equipment provider's stock after selling 56,085 shares during the period. Cisco Systems comprises about 0.5% of Bell Bank's investment portfolio, making the stock its 28th biggest holding. Bell Bank's holdings in Cisco Systems were worth $10,381,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of CSCO. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Cisco Systems during the second quarter valued at about $904,542,000. Goldman Sachs Group Inc. grew its stake in shares of Cisco Systems by 37.4% during the first quarter. Goldman Sachs Group Inc. now owns 46,973,293 shares of the network equipment provider's stock valued at $2,898,722,000 after acquiring an additional 12,775,066 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Cisco Systems during the first quarter valued at about $750,495,000. Pacer Advisors Inc. grew its stake in shares of Cisco Systems by 1,144.2% during the first quarter. Pacer Advisors Inc. now owns 8,120,886 shares of the network equipment provider's stock valued at $501,140,000 after acquiring an additional 7,468,212 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Cisco Systems by 7,096.5% during the first quarter. GAMMA Investing LLC now owns 6,718,402 shares of the network equipment provider's stock valued at $414,593,000 after acquiring an additional 6,625,045 shares in the last quarter. 73.33% of the stock is currently owned by institutional investors and hedge funds.

Cisco Systems Price Performance

CSCO traded down $0.47 during trading on Monday, reaching $67.75. The stock had a trading volume of 12,300,592 shares, compared to its average volume of 21,118,779. Cisco Systems, Inc. has a 1-year low of $51.89 and a 1-year high of $72.55. The firm has a market capitalization of $267.81 billion, a price-to-earnings ratio of 25.86, a price-to-earnings-growth ratio of 2.87 and a beta of 0.99. The stock has a 50 day moving average of $68.14 and a two-hundred day moving average of $64.14. The company has a quick ratio of 0.91, a current ratio of 1.00 and a debt-to-equity ratio of 0.49.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last posted its quarterly earnings data on Wednesday, August 13th. The network equipment provider reported $0.99 EPS for the quarter, topping analysts' consensus estimates of $0.98 by $0.01. The company had revenue of $14.67 billion for the quarter, compared to the consensus estimate of $14.63 billion. Cisco Systems had a return on equity of 27.06% and a net margin of 18.45%.The company's quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.87 EPS. Cisco Systems has set its Q1 2026 guidance at 0.970-0.990 EPS. FY 2026 guidance at 4.000-4.060 EPS. As a group, equities analysts anticipate that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Friday, October 3rd will be paid a dividend of $0.41 per share. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $1.64 annualized dividend and a yield of 2.4%. Cisco Systems's dividend payout ratio is currently 62.60%.

Analysts Set New Price Targets

A number of research firms recently commented on CSCO. Hsbc Global Res downgraded Cisco Systems from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 15th. CICC Research began coverage on Cisco Systems in a research note on Monday, July 14th. They issued an "outperform" rating and a $78.00 price target for the company. Bank of America lifted their price target on Cisco Systems from $76.00 to $85.00 and gave the stock a "buy" rating in a research note on Thursday, August 14th. Wolfe Research began coverage on Cisco Systems in a research note on Tuesday, July 8th. They issued a "peer perform" rating for the company. Finally, UBS Group lifted their price target on Cisco Systems from $70.00 to $74.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 5th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $74.53.

Insider Activity

In other Cisco Systems news, insider Jeetendra I. Patel sold 9,061 shares of Cisco Systems stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $66.60, for a total value of $603,462.60. Following the transaction, the insider owned 237,405 shares in the company, valued at approximately $15,811,173. The trade was a 3.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Thimaya K. Subaiya sold 1,744 shares of Cisco Systems stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $66.78, for a total transaction of $116,464.32. Following the completion of the transaction, the executive vice president owned 158,009 shares in the company, valued at approximately $10,551,841.02. This trade represents a 1.09% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 65,439 shares of company stock valued at $4,369,104 in the last ninety days. 0.01% of the stock is owned by company insiders.

Cisco Systems Profile

Cisco Systems, Inc designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry in the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and China. The company also offers switching portfolio encompasses campus switching as well as data center switching; enterprise routing portfolio interconnects public and private wireline and mobile networks, delivering highly secure, and reliable connectivity to campus, data center and branch networks; wireless products include wireless access points and controllers; and compute portfolio including the cisco unified computing system, hyperflex, and software management capabilities, which combine computing, networking, and storage infrastructure management and virtualization.